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Home insurance quotes & shopping

Your home deserves the best protection. We’re here to help you get it right.

Buying a home is hard — buying home insurance shouldn’t be. Policygenius makes it simple to find the best home insurance policy for you, and ensure your most valuable belongings are protected. 

Policygenius is an insurance marketplace, which means we’ll help you compare free quotes from top insurers. All you need to do is answer a few questions about your home and our expert agents will help you choose the right coverage at the best price.   

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What is home insurance?

Home insurance is financial protection in case something bad happens to your home. It pays for damage to your home from things like fire, lightning, wind, hail, theft, and more.

It also covers the stuff inside your home (like your clothes, furniture, and electronics) and even the cost of a hotel if you need to stay somewhere else while your house is being rebuilt or repaired.

Homeowners insurance isn’t required in any state, but most mortgage lenders will require proof of insurance before they’ll let you take out a home loan.

→ Read more about how home insurance works

What to look for in a home insurance policy

Your homeowners insurance policy is broken up into six basic coverages that each serve a specific purpose.

Home

Dwelling coverage

Pays for damage to the structure of your home, like your roof or attached garage

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Other structures coverage

Pays for damage to structures that aren’t attached to your home, like a shed or fence

Renters

Personal property coverage

Pays for damaged or stolen personal belongings, like if your furniture is destroyed in a fire or your TV is stolen

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Additional living expense coverage

Pays for hotels, meals, and transportation while your home is being repaired

Disability

Personal liability coverage

Pays for legal expenses if you’re responsible for injuries or property damage

Health

Medical payments coverage

Pays for medical bills if someone is injured on your property

Home

Dwelling coverage

Pays for damage to the structure of your home, like your roof or attached garage

More

Other structures coverage

Pays for damage to structures that aren’t attached to your home, like a shed or fence

Renters

Personal property coverage

Pays for damaged or stolen personal belongings, like if your furniture is destroyed in a fire or your TV is stolen

Save

Additional living expense coverage

Pays for hotels, meals, and transportation while your home is being repaired

Disability

Personal liability coverage

Pays for legal expenses if you’re responsible for injuries or property damage

Health

Medical payments coverage

Pays for medical bills if someone is injured on your property

→ Learn more about what homeowners insurance covers

How much does home insurance cost?

According to a 2020 report from the National Association of Insurance Commissioners (NAIC) [1] , the average annual homeowners insurance premium is $1,249.

Coverage amount is the biggest factor in determining how much you pay for home insurance, and dwelling coverage, which covers your actual home, is the most essential part of your policy. Here’s a look at the average annual rates for different levels of dwelling coverage:

Coverage amountAverage annual cost
$100,000 to $200,000$956
$200,000 to $300,000$1,114
$300,000 to $400,000$1,272
$400,000 to $500,000$1,482
$500,000 and over$2,148

Location also has a big impact on home insurance rates — if the area where you live experiences frequent wildfires or hurricanes, you’ll probably pay more for your policy. The same is true for homeowners who live in cities or neighborhoods with high rates of break-ins or vandalism. 

StateAverage annual cost
Alabama$1,409
Alaska$984
Arizona$843
Arkansas$1,419
California$1,073
Colorado$1,616
Connecticut$1,494
Delaware$873
District of Columbia$1,264
Florida$1,960
Georgia$1,313
Hawaii$1,140
Idaho$772
Illinois$1,103
Indiana$1,030
Iowa$987
Kansas$1,617
Kentucky$1,152
Louisiana$1,987
Maine$905
Maryland$1,071
Massachusetts$1,543
Michigan$981
Minnesota$1,400
Mississippi$1,578
Missouri$1,383
Montana$1,237
Nebraska$1,569
Nevada$776
New Hampshire$984
New Jersey$1,209
New Mexico$1,075
New York$1,321
North Carolina$1,103
North Dakota$1,293
Ohio$874
Oklahoma$1,944
Oregon$706
Pennsylvania$943
Rhode Island$1,630
South Carolina$1,284
South Dakota$1,280
Tennessee$1,232
Texas$1,955
Utah$730
Vermont$935
Virginia$1,026
Washington$881
West Virginia$970
Wisconsin$814
Wyoming$1,187

What else impacts my homeowners insurance rates?

  • Your home: Your home’s age, location, square footage, and the number of rooms in the house will all affect your insurance rates.

  • Your coverage: Rates are directly tied to the amount of protection in your policy. Higher limits of liability, extended protection for your home and belongings, and additional coverage endorsements can all mean higher rates.

  • Your credit score: Homeowners with lower credit scores will see higher rates.

  • Your claims history: If you’ve filed multiple insurance claims in the past, or your home has a history of structural damage and loss, your insurance rates will probably be higher.

→ Learn more about homeowners insurance costs

Find the cheapest home insurance quotes with Policygenius

  • Apply online. Answer a few quick questions and you’re on your way to finding the most accurate rates available.

  • Choose from dozens of companies. Comparing policies is the best way to find affordable insurance. Find top-rated companies in one place at Policygenius and save yourself some clicks (and money).

  • Get help from real-life people. Need a human touch? Our in-house experts can guide you through the process and get you the best deal.

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Choosing the best home insurance company

There's a lot that goes into choosing a home insurance company. Our Policygenius rating scores companies on everything from cost to coverage options to claims satisfaction, so you can see how your options stack up.

CompanyPolicygenius rating (out of 5)Average annual cost
USAA4.3$2,112
Amica4.2$2,004
Encompass4.1$2,420
Hippo4$1,499
Chubb4$5,556
Acuity4$1,260
Plymouth Rock4$1,165
State Farm4$1,500
Allstate3.9$1,452
Travelers3.8$1,554
Nationwide3.8$1,736
Stillwater3.8$1,589
Swyfft3.8$1,296
Farmers3.7$1,476
Tower Hill3.7$1,787
State Auto3.7$1,803
Safeco3.6$1,683
Mercury3.6$1,925
AIG3.5$3,564
Erie3.4$1,908
Progressive3.4$1,706
GEICO3.2$1,740
MetLife3.2$2,467

→ Learn more about the best home insurance companies

Agent

How to shop for home insurance

Ready to get covered? Let Policygenius help. Apply online and talk to licensed experts to buy your policy in five easy steps.

  1. Know your coverage. You’ll want to make sure your policy limits are high enough to pay for a full rebuild of your home, and that the deductible (the amount you have to pay out of pocket per claim) works for you. Not sure how much coverage you need? Policygenius will recommend an amount when you apply.

  2. Look for discounts. Bundling home and auto policies and installing security devices are easy ways to save money on your policy.

  3. Get free quotes. A Policygenius expert will help you compare policies and discounts across companies to find the right coverage amount for the right price. We’ll handle the paperwork for you — for free.

  4. Welcome the inspector. Once you choose a policy, the insurance company will typically send someone to perform an inspection of your home to make sure there are no undisclosed risks on your property.

  5. Sign your policy. Once all the boxes are checked, you’ll sign on that dotted line, pay your first premium, and enjoy knowing that you and your stuff are covered.

→ Learn more about how to buy home insurance

Policygenius customer reviews

The reviews are in. See what our current customers are saying about how we make buying home insurance easy.

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Frequently asked questions

Which insurance company is best for homeowners?

There’s no one-size-fits-all home insurance company for anyone. You’ll want to find a company that offers policies in your state, and compare quotes to choose the one that offers the coverage you need at the most affordable cost. Look for companies that offer discounts, like money off for bundling your home and auto insurance.

How do I know how much home insurance I need?

Homeowners insurance coverage needs vary from homeowner to homeowner. In general, your coverage amounts should be high enough to cover your home’s rebuild cost (meaning the cost to rebuild it completely if it were destroyed), the monetary value of your personal belongings, and your combined assets. If you need flood or earthquake coverage, you’ll need to buy those separately.

Are there different homeowners insurance requirements by state?

No, homeowners insurance is not required by law in any state. However, most lenders will require proof of home insurance before you can close on a property.